In many cities nationwide and worldwide, the cranes are not moving, skeletons of skyscrapers are visible in the day's sky, construction sites are locked tight to keep the vandals out.
Banks put the money up for the physical location and structure, and perhaps even the rent from tenants, as security deposits. The land value has dropped significantly. The buildings are half empty or unfinished and tenants are moving out at rapid pace, and, in some instances, defaulting on their leases. Lawsuits demanding back rent for past obligations are long and expensive. As often as not, the fleeing tenant could not afford to pay a judgment anyway if it actuallly is rendered.
The answer: Remington Financial Group Inc.
Since 1993, Remington Financial Group, Inc. (RFG) has built a successful history of providing capital and financial services to sophisticated real estate owners and developers nationwide.
Specializing in complex transactions starting at $1 Million and moving upward, RFG offers an extensive network of private and public capital sources to help increase creative loan options - dramatically improving successful close rates for specialized funding and unique financing ventures. With a successful track record of closing innovative debt, mezzanine and equity capital transactions, Remington delivers expertise and competitive transaction options, even in challenging market conditions.
Remington's expert Advisory Services help clients carefully evaluate and restructure transactions that may have existing financing challenges. Our team develops advanced strategies to create new and alternative financing opportunities that can help supplement or replace conventional lending sources.
By providing our clients with access to the latest and most competitive capital sources the market has to offer, RFG's borrowers gain the advantage of a comprehensive perspective from which to choose the widest range of financing products available.
Remington also offers quick access to capital sources that can meet the unique demands of specialty and challenging transactions. Companies that are currently restructuring or emerging from bankruptcy and are in need of recapitalization, or considering expansion through leveraged acquisition, will benefit significantly from our experience and insightful guidance through complex transactions.
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